Which of the Following Is a Valid Characteristic of the U.S.economy

question 39

Multiple Choice

Which of the following is a valid characteristic of the U.S.economy over the last sixty years?

• A)Investment is smoother than most of the other components of GDP,especially consumption.
• B)Government spending has remained around 20% of GDP over much of the postwar period.
• C)The U.S.has,for the most part,been running a trade surplus which has trended upward to over 5% of GDP.
• D)all of the above
• E)none of the above

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Definitions:

Productivity High

refers to a state of efficiency where an individual or organization can produce significant amounts or high-quality outputs within a given period.

Outputs Constant

A condition where the quantity of production or output remains unchanged over a period of time.

Decreasing Inputs

The process or trend of reducing the amount of resources, labor, or material used in the production of goods or services.

Productivity Ratio

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used.